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&p said they need to do to keep the credit rating at triple-a. >> how big of a concern is that? even with the plans the credit rating might still be downgraded? >> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been
the big names on the left and the right from paul crewingman to alan greenspan to the chamber of commerce all say missing the deadline would be suicidal. yet both sides have been playing chicken on the issue for months. tonight house minority leader erik cantor against making any revenue increases as part of a debt deal said he might be willing to talk about closing some tax loopholes. he the rest of the gop leadership and their democratic counterparts on call to meet with president obama tomorrow at the white house. some breaking news there, the "washington post" just now moving a story reporting on a possible big concession the president might put on the table. the post reporting he will for the first time offer up significant savings in social security. the newspaper sourcing it to people in both parties with knowledge of the president's proposal. in any case, today mr. obama called on both sides to get moving. >> congress has a responsibility to make sure we pay our bills. we've always paid them in the past. the notion that u.s. is going to default on its debt is just irresponsible. a
commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. and there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table, and if as you say the president could have brought nancy pelosi along, and i agree with you i think he could have, the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to a $1 trillion of tax increases is an awful big lift for a party that is all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually wind up getting what they wanted and what they were promised never materializes. >> but there's a big difference between that and nothing. you know? a big difference. [ overlapping speakers ] >> where do you see the mi
them and this one will leave a big bite mark. >> is that a valid excuse? that maybe some staffer read it? >> i find that mind-boggling. such a statement would scream out to you as just incredibly wrong. that you cannot -- if you are a first-year student in high school and you read that statement, that's fwot to send up some alarms to you that says -- wait a minute. we can't sign this sort of thing. and particularly, not so much probably in the republican primary. if she does get into the general election, this sort of thing with independent voters just kills you dead. it's a nonstarter because it's such a fringe sort of way of thinking of things. >> it's also interesting that -- >> i would say that's probably why they didn't look at it. because i agree with you. had i read this and any of the republicans i talked to, they would say -- what the heck is this? i just think someone wasn't paying attention when they were doing their job. >> even in the explanation this group has put out, where retracted it, they did the classic -- this can be -- i'm sorry if you misconstrued this. they're
't default and if we did it's not a big problem. they're wrong. you also have a big number of democrats and much larger number who say it doesn't matter if we spend the nation into bankruptcy. we won't go bankrupt. they're wrong. and that's even worse because there are more of them who believe that than the small number of republicans who are willing to countenance the fall. >> let me ask you something. >> let me be clear. these polls, can i just be clear about something? this is washington equivalent. polls are not equivalent. the public blames the congressional republicans much more than the president, all right? that's a fact that cannot be disputed. we should not get off with the facts are. it's not a pox on both the house. it's overwhelmingly the public blames the congressional republicans. >> james, as somebody who's made his living with polls you know as well as i do that there's not only one poll in town. there's a bunch of them. >> three of them. you can look at all three. [ overlapping speakers ] >> his numbers have been dropping. the president is not -- nobody's faring well i
some weight. you noticed! these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. this past year alone.. there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that secures it all and knows what to keep in, and what to keep out. outsmart the threats. see how at cisco. [♪...] >> male announcer: now, for a limited time, your companion flies free, plus save up to 65%. call 1-800-sandals. conditions apply. >>> larry hall and his brother, gary, had always been a little different. look at you two little boys. which one are you? and which one is larry. >> this would be me. >> gary and larry. in a rare recorded interview obtained by cnn, larry hall recounts a tough start. >> i know when i was born my mother told me that i was blue. that i
ceiling, pay its bills based on big-ticket items. that would be interest on the debt. social security, medicare and medicaid, defense spenders. more than $30 billion. unemployment insurance. what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention foreign aid to the palestinians. you have to make the choices and cut it off right here. that's one way. suppose you decided instead we'll put a priority on the social safety net. under this scenario, interest gets paid, social security gets paid, medicare and medicaid and those nutrition services that got cut off last time, you could pay them. housing grants would go out. veterans affairs, unemployment, education and tuition assistance. but under this set of
Search Results 0 to 17 of about 18 (some duplicates have been removed)